Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon.
It’s one for the history books. Oil opened on Monday down roughly 25 percent, the sharpest decline in decades, and broader financial markets fell so…
It feels 2014 all over again. Or 2008. The OPEC+ meeting broke up without a deal on Friday, sending oil prices into a freefall. Brent…
OPEC proposed making substantial production cuts in order to head off another price slide, although Russia has yet to sign on. On Thursday, OPEC met…
The outlook for the global economy continues to darken, and a growing number of analysts see oil demand contracting in 2020. Despite the recent rebound…
The Federal Reserve announced a rate cut of 50 basis points on Tuesday, springing into action as the global economy has suddenly slammed on the…
The ongoing spread of the coronavirus will likely translate into the weakest global economic growth since the financial crisis more than a decade ago. In…
ExxonMobil saw its share price nosedive by roughly 15 percent in the past week, one in a series of oil companies that finds itself in…
The market meltdown continued on Thursday, with stocks across the board in retreat. Oil prices were down more than 4 percent in early trading, falling…
Oil prices could bounce around between $50 and $70 through 2025, with both demand growth and supply growth slowing, according to a new report. The…
The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has…
Global equities fell sharply on Monday as fears over the spread of the coronavirus spiked once again, with new cases spreading beyond the borders of…
The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over…
Protests continue to swell over the Coastal Gaslink Pipeline, a long-distance pipeline carrying natural gas from Alberta to the Pacific Coast. The pipeline’s route would…
Natural gas prices under $2/MMBtu have hit Appalachian shale gas drillers hard, but the longer the gas glut wears on, the deeper the problems will…
Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut…
Oil sank again as OPEC+ backed away from an emergency meeting. OPEC’s Joint Technical Committee (JTC) recommended extending the current production cuts through the end…
After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cuts. OPEC’s Joint Technical Committee met on Tuesday, and it…
Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply…
China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. LNG prices have already…
OPEC+ is moving quickly to try to halt the meltdown in oil prices as the demand hit from the coronavirus continues to grow. The Joint…